Section-295 : Undisclosed income of any other person

1. Section-295 as per act

Where the Assessing Officer is satisfied that any undisclosed income belongs to or pertains to or relates to any person, other than the person with respect to whom search was initiated or requisition was made, then––

1. any money, bullion, jewellery, virtual digital asset or other valuable article or thing, or assets, or books of account, other documents, or any information contained therein, seized or requisitioned shall be handed over to the Assessing Officer having jurisdiction over such other person; and
2. such other person referred to in clause (a) shall be assessed under section 294 and the provisions of this Chapter shall apply accordingly.

2. Help and useful links for Section-295

1. Income Tax Help Center
2. Income Tax Act 2025 Home
3. How to Handle Income Tax (IT) Department Notices?
4. Tax On Undisclosed Source of Income or Black Money
5. Self Service (DIY) Income Tax Filing made Easy